Master the complex dependency rules that impact your clients' tax credits, deductions, and filing status.
Determining dependency is normally straightforward in most situations. However, with the changing family dynamic in current times, practitioners are more often facing unique living and social situations from their clients. In these unique circumstances, determining who is a dependent and who is not can be difficult. Through true-to-life discussion questions and plain-English explanations of code sections, this course explores the modern idea of dependency after recent legislation.
The course provides a comprehensive overview of the unique financial challenges and opportunities associated with childhood, adolescence, and the transition into early adulthood. It explores essential strategies for parents, guardians, and financial professionals tasked with securing a dependent's financial future, including education funding strategies, custodial accounts, early wealth transfer, and the vital role of establishing early financial literacy. By examining the economic impact of raising dependents and the critical shift from financial reliance to independence, this overview delivers the essential insights needed to build resilient, long-term financial strategies that protect and empower families from the very beginning.
Who Should Attend:
Tax practitioners who deal with complex family and dependency situations.
CPA, CFP, CLU, CPCU, MST, MBA
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA. He is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He brings over 20 years of experience in financial services, including three years in the hedge fund industry and six years in insurance. David was the first Chief Financial Officer of Compare.com, where he served for more than three years. He holds four master’s degrees, contributes frequently to professional publications, and is a nationally recognized CPE instructor and discussion leader for Surgent seminars and a former instructor for Don Farmer. David received the AICPA Outstanding Facilitator Award in 2021, 2023, and 2024 as well as Surgent's Outstanding Discussion Leader awards in 2019 and 2022. He also co-authored the Virginia CPA Ethics course in 2018, 2019, and 2020, which is a requirement for all CPAs licensed in Virginia. Through Peters Professional Education, David is the author and instructor for over 125 recorded on-demand CPE courses and leads private trainings, in-person tax seminars, and quarterly live tax update webinars. His areas of instruction include accounting, finance, insurance, financial planning, and ethics, and he regularly teaches professionals across the United States.
